The pandemic has significantly altered the cyber-risk landscape, amplifying existing issues and posing new challenges for re/insurers. Ahead of an Intelligent Insurer webinar on the topic, Darren Thomson, head of cyber security strategy at CyberCube, discusses the challenges and opportunities faced by the industry.
While COVID-19 and social inflation create challenge and uncertainty for the liability market, they also hold the key to innovation and lasting success, according to Bob Reville, co-founder, president and chief executive officer of Praedicat.
Commercial insurers are looking beyond postcodes and ‘COPE’ criteria to the huge potential of data supersets as they push for better underwriting and market advantage. Intelligent Insurer spoke to Simon Perry at Precisely to find out more.
As SMEs manage evolving business interruption issues and complex technology-related risks, commercial insurers have an opportunity to help them meet these ever changing needs. Find out more about how insurers are using the latest technology to grow their business in this area.
Data on how aviation exposure values have shifted during the COVID-19 pandemic have revealed an issue that could trip up unwary insurers as the world begins to ease lockdown. Intelligent Insurer reports.
Doing what you’ve always done can leave you trailing the competition in today’s innovative market. As the pandemic encourages people to be more amenable to change, it's the ideal time to get ahead by embracing augmented underwriting, says Todd Rissel chairman and CEO of insurtech e2Value.
As many countries begin easing lockdown, all eyes are on what comes next. Policymakers hold the key to achieving the best possible recovery after the most severe recession in our lifetime, and they need to step up, says Swiss Re’s chief economist. Intelligent Insurer reports.
Equity raises are increasing as pandemic pressures bite - but the future winners and losers are far from clear
As the pandemic stress test continues, re/insurers are preparing for what comes next, including expectations of a hardening market. This is driving a growing trend for equity raises, with some building war chests and some taking advantage of new opportunities, while others look to protect their credit rating in a fight for survival. Intelligent Insurer reports.
Blockchain has the potential to do more than cut costs and create efficiencies for re/insurers – it can also be used to drive growth and assimilate varied insurtech platforms. And those companies that fail to realise its potential will be left behind.
Difficulty in resolving disputes over pandemic business interruption payouts has led the FCA to bring a group of representative examples in front of the UK High Court to secure an industry-wide resolution. Intelligent Insurer reports.